A.P. Møller Holding has, through its wholly owned subsidiary APMH Invest (APMHI), made an all-cash voluntary recommended purchase offer to the shareholders of Svitzer Group to acquire all issued and outstanding shares of the company.A.P. Møller Holding, through its wholly owned subsidiary APMHI, currently owns 47% of the share capital and voting rights of Svitzer.
President James Earl "Jimmy" Carter passed away on December 29, 2024, at the age of 100.President Carter graduated from the U.S. Naval Academy in 1946 with distinction, after which he was assigned to USS Wyoming (E-AG 17) as an ensign. After completing two years of surface ship duty, Carter applied for submarine duty.
The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8)
Marine towage provider Svitzer announced it has inked a deal Turkish shipbuilder Uzmar to build a world-first battery-methanol tug for scheduled delivery in the second half of 2025.Designed in collaboration with naval architect Robert Allan Ltd, the first-of-its-kind tug will be based on Svitzer’s TRAnsverse tug design and feature a 6MWh battery supported by dual fuel methanol engines for
U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of 7th generation dual-BOP drillships and adds 4.8 rig years and approximately $2 billion to the Noble backlog, which now stands at $6.7 billion.
“The enormity of this disaster is hard to imagine without seeing it in person…It may sound dramatic but given the wreckage field created by the collapsed bridge, the environment divers are working in, and the dangers posed to them, is like cleaning the site of 9/11 with blinders on.” - Rick Benoit, Emergency Management specialist at the U.S.
The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.
Fincantieri Marine Group (FMG), the U.S. subsidiary of Fincantieri, has appointed George A. Moutafis as Chief Executive Officer (CEO).The leadership transition of the U.S. company of the group led by CEO and General Manager Pierroberto Folgiero comes at a pivotal moment for the U.S. shipbuilding industry, as the new U.S.
Mallows Bay, located on the Potomac River in Maryland, is not only a shipwreck site filled with decades of maritime cultural heritage, but it is also an excellent training ground for students immersed in studying maritime archaeology at East Carolina University.“When the United States entered the First World War, they had a plan to build about 1,000 wooden steamers to carry material to Europe.
Resolve Marine said it will merge operations, equipment and personnel with the marine division of Construction Solutions International, expanding Resolve Marine Service Centers in the U.S. Gulf region. Construction Solutions International is a regional provider of industrial marine and commercial diving services and supports industries across the Theodore Industrial Canal and West Mobile, Alabama.
The Fascinated by Shipwrecks Podcast, hosted by Kathy A. Smith, is dedicated to the People & the Science of Maritime Archaeology.EPISODE 8 – Guest: Vince Capone – Hunting Shipwrecks with Side Scan Sonar“The robot is navigating underwater and runs a search pattern, collecting the data.
The Fascinated by Shipwrecks Podcast, hosted by Kathy A. Smith, is dedicated to the People & the Science of Maritime Archaeology.EPISODE 6 – Guest: Ryan MirandaUSS Constitution: Still on Duty“I was able to go below decks and see and touch some of the original ribs and the keel that’s still original. That was a really cool experience.